- Online Gambling Revenue By State
- Sports Gambling Market
- Online Gambling Market Region
- Size Of Online Gambling Market
- Is The Stock Market Gambling
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- Online Gambling Market
Gambling in China is illegal under Chinese law[1] and has been officially outlawed since the Communist Party took power in 1949.[2] Any form of gambling by Chinese citizens, including online-gambling, gambling overseas, opening casinos overseas to attract citizens of China as primary customers, is considered illegal.[3] In practice however, Chinese citizens participate in state-run lotteries, regularly travel to legal gambling centers overseas or in the special administrative regions of Hong Kong and Macau and access gaming through offshore based proxy betting and online gambling companies.
- 4Offshore gambling
Mainland China[edit]
The Chinese government operates two lotteries: the Welfare Lottery and the Sports Lottery set up in 1987 and 1994 respectively. The Chinese government does not legally consider the lotteries a form of gambling.[4] Illegal gambling in China remains common, including unofficial lotteries, clandestine casinos, and betting in games such as mahjong and various card games. In 2010, The Daily Telegraph (UK) reported that an estimated one trillion yuan are wagered in illegal gambling every year in China. Problem gambling exists in the country, and may be more prevalent than in countries with legalized gambling.[1]Online gambling is another outlet for illegal gambling in the country.[4]
Various attempts have been made to establish legal casinos in mainland China, although these have been unsuccessful.
Nov 20, 2019 The global online gambling market is expected to post a CAGR of close to 11% during the period 2018-2022, according to Technavio. And liberalization in regulations in the region.
In June 2018, the Chinese Government banned all online poker applications. App stores had to remove all poker related applications, and the promotion of poker in general via all social media channels in China (Wechat, Weibo) became forbidden.[5]
Online Gambling Revenue By State
Hong Kong[edit]
While some aspects of mainland Chinese law apply in Hong Kong, certain forms of gambling are legal and regulated in Hong Kong. The Law of Hong Kong is based on English common law, having been a British territory until 1997. Gambling in Hong Kong has been regulated since 1977.[6] The Hong Kong Jockey Club organizes much of the legal betting in the region.
Macau[edit]
Gambling in Macau has been legal since the 1850s, when it was a Portuguese colony. The region has a history of gambling on traditional Chinese games. Gambling in Macau now primarily takes place in Western-style casinos; in 2007, Macau overtook the Las Vegas Strip in gaming revenues. As of 2016,[7] 38 casinos operate in Macau, and the region's annual gambling revenues exceed US$27.9 billion.[8]
Offshore gambling[edit]
Legal restrictions on onshore gambling in Mainland China have contributed to the growth of overseas and online gambling sites that cater to Chinese nationals. Integrated gaming resorts in Singapore, Australia, Korea, Vietnam and the Philippines welcome growing numbers of Chinese tourists.
Proxy betting[edit]
As in person visits to offshore gambling venues can be both time consuming and attract the attention of law enforcement, proxy betting has grown in popularity, especially for VIP clients wishing to discretely place high stakes bets. In proxy betting, clients communicate with staffers wearing headsets at baccarat tables in offshore casinos. Proxy betting was outlawed in Macau in 2016 and has never been permitted in Australia or Singapore casinos, but now accounts for 40 percent of the $1 billion VIP gaming market in the Philippines, according to brokerage CICC.[9]
Online gambling[edit]
Online gambling in Mainland China remains illegal, however internet traffic routed via VPNs, underground banking networks and payment platforms enable Mainland Chinese customers to access and remit funds to online gaming sites. According to 2019 estimates published in Economic Information Daily, an affiliate of state-owned news agency Xinhua, the annual amount bet through online gambling in the Mainland is more than one trillion yuan (US$145 billion), equivalent to nearly twice the annual income of China’s officially sanctioned lotteries.[10]
In the Philippines alone, where Philippine Offshore Gaming Operators (POGOs) can register and legally operate, over a three year period from 2016 at least 100,000 Chinese nationals were estimated to have moved to Manila to work for online gambling operators as marketing agents, tech support specialists and IT engineers to serve Mandarin-speaking clientele.[11] To side step restrictions on direct marketing of online gambling in Mainland Chinese print or social media, many online gaming sites seeking to attract Chinese customers have become shirt sponsors for English Premier League football teams. Dafabet’s sponsorship of Fulham FC and W88’s sponsorship of Wolverhampton Wanderers are just two examples of this trend.
See also[edit]
Sports Gambling Market
References[edit]
- ^ abEimer, David (9 January 2010). 'China's secret gambling problem'. Daily Telegraph. Shenyang. Retrieved 1 May 2015.
- ^'Rien ne va plus'. The Economist. 432 (9158): 25. 31 August 2019.
- ^'Remarks by Chinese Embassy Spokesperson on Issues of Chinese Citizens concerning Gambling in the Philippines'. Embassy of the People’s Republic of China in the Republic of the Philippines. 8 August 2019. Retrieved 9 August 2019.
- ^ abKalenyuk, Mary (7 November 2013). 'The bets are on for gambling in China'. The World of Chinese. Retrieved 7 April 2014.
- ^'Crackdown on online poker applications in China - Somuchpoker'. somuchpoker.com. Retrieved 2018-06-11.
- ^Deans, Rob (2001). 'Online Gambling: Changes to Hong Kong's Gambling Legislation'. Gaming Law Review. Mary Ann Liebert, Inc.5 (6): 555–560. doi:10.1089/109218801753336166.
- ^2016 Wynn 10-K
- ^'Macau Gaming Summary'. University of Nevada, Las Vegas Center for Gaming Research. Retrieved 7 April 2014.
- ^'China targets PH in offshore gambling crackdown'. Manila Bulletin. Bloomberg. 8 August 2019. Retrieved 11 August 2019.
- ^Master, Farah (9 July 2019). 'Chinese state media target Macau's Suncity in online gambling report'. Reuters. Retrieved 10 August 2019.
- ^Dancel, Raul (20 July 2019). 'Loan Sharks Feed Off Philippine Casino Boom'. The Straits Times. Retrieved 7 August 2019.
External links[edit]
- China Sports Lottery official website(in Chinese)
LONDON--(BUSINESS WIRE)--The gambling market size is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The high penetration of smartphones is one of the major reasons for market growth. The number of smartphone users is expected to cross 3.6 billion by 2023. This increase in smartphone penetration is attributed to the declining average selling price (ASP) of smartphones and developments in communication network infrastructure. Moreover, users are rapidly shifting from desktop to mobile devices for playing casino games. Smartphones are becoming one of the major platforms for online gambling as they provide ease of access to casino games and e-sports betting.
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As per Technavio, the use of AI in online gambling will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Gambling Market: Use of AI in Online Gambling
Enterprises across various industries are implementing AI solutions to improve their business processes. Gambling operators are also incorporating AI technology into their online gambling websites to improve user experience. Land-based casino operators are using AI to analyze the risk appetite behavior of the users, find the most lucrative player, and predict the winners and losers during casino games. This helps in making the decision to provide incentives and freebies to users. Thus, the increasing use of AI is expected to drive market growth during the forecast period.
“Apart from the use of AI in online gambling, other factors such as the use of bitcoins in gambling, and the growing number of mergers and acquisitions will have a positive impact on the gambling market growth during the forecast period,” says a senior analyst at Technavio.
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Gambling Market: Segmentation Analysis
This market research report segments thegambling marketby platform (offline gambling, and online gambling), type (lottery, betting, and casino), and geography (APAC, EMEA, North America, and South America).
The North American region led the market in 2018, followed by APAC, EMEA, and South America respectively. The growth of the gambling market share in North America can be attributed to factors such as the increasing demand for offline and online gambling games, rise in the number of mobile application platforms, and the increase in casinos, sports betting, online lottery, and online horse betting.
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Some of the key topics covered in the report include:
Online Gambling Market Region
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
Size Of Online Gambling Market
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Online Gambling Market
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